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Stock Market & Financial Investment News

News Breaks
December 3, 2012
10:18 EDTHIHillenbrand sees FY13 EPS $1.82-$1.92, consensus $1.86
Sees FY13 revenue to be approximately $1.6B, consensus $1.35B. Says EPS estimate takes into account changes to employee compensation and benefits, taxes and other estimates that impacted adjusted diluted EPS favorably in 2012 by approximately 13c, which are not expected to recur in 2013, and accretion from Coperion acquisition expected to exceed 20c.
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September 2, 2015
16:25 EDTHIHillenbrand to acquire ABEL Pumps from Roper for EUR95M
Hillenbrand (HI) has entered into a definitive agreement to acquire ABEL Pumps and certain of its affiliates from Roper Technologies (ROP) for EUR95M in cash. The transaction is expected to close within approximately 30 days. ABEL specializes in designing, developing and manufacturing piston diaphragm and piston pumps as well as pumping solutions and in providing related parts and service. At the completion of the transaction, ABEL will join Coperion, Rotex and TerraSource Global in Hillenbrand's Process Equipment Group. The transaction is expected to be accretive to Hillenbrand's earnings per share beginning in the first year, net of acquisition costs.

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